melissa: we're ending on that joke. nobody can top that that is all the "money" we have for you today. not ion kidding. see you back here same time tomorrow. "the willis report" coming up next. we may or may not have the eyeless spider who doesn't have any idea where he is anyway gerri: tonight we look beyond the numbers and find out if the u.s. economy is already in recession. we'll tell you what some economists are saying. if you think the situation was close. obamacare may be making its way back to the supreme court. welcome to "the willis report." gerri: hello, everybody i'm gerri willis. high-stakes of the first debate has candidates leaving. nothing to chance. president obama and governor romney racing to get in last minute prep before going

face-to-face first debate next wednesday in denver that is. what should we expect? let's ask bill kristol, editor of "the weekly standard" and byron york, chief political correspondent for the "washington examiner". welcome to you both. byron, i'll start with you. what does romney have to do to show up roads in here. even voters say they don't expect him to win? >> well the thing, he has to do the same thing he had to do all along which present himself as a good alternative to the president who will take the country in a different direction than the president and can point out the numerous flaws in the president's record. i mean, i wonder whether romney has actually been preparing too much. he has been doing enormous amount of this stuff. he did a unabout much of debates in the republican primaries. it got to where he was quite sharp. whether he is lost his edge by now i don't know. gerri: bill, you've been very critical of romney saying that in some cases he has been arrogant, he has been stupid in some of his

comments. what does he need to do at this debate on wednesday? >> i think he can win this debate. he crushed newt gingrich in florida. you remember after he lost the south carolina primary rnd his back was up against the wall and came out incredibly strong incredibly early and going after newt and making case against gingrich and making case for himself. this is comparable. he needs to come out strong. i was talking with bret o'donnell who helped advise mitt romney before the debate. he had a fallout and not working for team romney. i feel he were but maybe the governor doesn't need the advise. first half hour is absolutely crucial. the people watch the debate conform to the beginning of the show. later on and what ec tends to confirm. coming out very strong early taking it right to the president and investing in the second person. forget about the moderator. mr. president of the freighter

policies have failed. what is worst ever continue in the past we will be even worse off. gerri: i hate it when people ignore the journalist and the room. >> i said this. he was really -- in this case one would not dream of doing this. in terms of my advice to mitt romney. gerri: you can both agree. this to say about what needs to happen. >> governor romney for the first time gets on the same stage as the president of the united states and people can make a direct comparison about them and their visions for the future. this campaign, i think you'll see the numbers start to move right back in the other direction. gerri: i have to tell you, a is there a magic reset button to maccabean of the day a lot of associations with romney have already been formed. >> certainly that is what the governor said hanoi's.

under sure that's what is going to happen. i agree with you. a lot of people were saying he had three chances to make a real impression. one with the vice-presidential pick, convention speech, and a speech with the debate. we are at the third one. people have a pretty good impression. i tend to thinking that what we will see is a fairly inconclusive results. both could, of smart guys. we may want come away with romney thinking that he won. gerri: i expectations. i want to show our viewers some pictures of the westin like las vegas resort. this is where the president to sank. like a little out there? diskette under my skin a little bit. look. i mean, it is the president. you know, is he taking a vacation? >> they like to go to these

debate camps and seclude themselves. you would think that you could do what you want to do and the white house. he can go where he wants. i guess the rodney team, nestle and denver. you should chill out. let them go wherever they want. your just jealous. jealous. how come we don't get sent to vegas before we do this show every week? gerri: don't hold your breath. you know, romney had an op-ed, and this goes to a totally different point. it what's going on across the globe. here's what he had to say, criticizing the president by failing to maintain the elements of our influence and by stepping away from our allies president obama has signed the prospect of conflict and instability. he does not understand american policy that lax result the unprovoked aggression and encourage disorder. has romney been strong enough, calling that was going on? and then i want you to pick up.

>> i don't think that he has. he really needs to make a broad case against the president and for himself. that includes foreign policy. begin talk to the campaign. we have to focus on the economy. it is the number one topic, but voters care about a lot of things. i wish he would make the broader case for romney foreign-policy and the broader chrism tough criticism of an obama foreign-policy. >> i think what you have seen is he tends to speak, especially about foreign policy, and really be vague sending generalities. we have some very specific things happening in libya. u.s. ambassador and three other americans were murdered. the investigation that the obama administration is placing some much importance on has not really started. there are a lot of specific things that run the kentuck about three failures on the part of the administration. so far he simply has not done. >> never too late to talk with the economy and what's going on. consumer confidence continues to plummet.

can you take advantage of it at this point? can the president cover his tracks? >> he will try to. i kind of very much agree with the point about specifics. i think mitt romney looked at it in a big way. a smart guy who studies the numbers. but really you have to bring it home to voters with and a dozen examples. how often is mitt romney on the campaign trail? telling a story and what happened to have more to her. occasionally he will do that. almost always the threat of businessmen. it very impressive, but how about the nurse of the teacher or a hard-working person who works at a corporation. what happened to him or her over the last four years. i do think what would happen under obamacare, individuals who want to choose their doctor or people who were trying to get insurance, i think he's right. there's a certain defensiveness is true in the "wall street journal" piece.

specifics, anecdotes, fax, those are crucial. gerri: rodney knows these people his a baez's have met these people. he meets with real people when he travels around the country, people who are afraid of losing their jobs, have lost their jobs. he has actually seen the suspect. he is just not been able to put it into a human form. gerri: we have a long way to go. the debate is coming up. want to know what you think about it. thank you for coming in tonight. appreciate your time. >> thanks. gerri: make sure you catch the coverage of the first presidential debate in denver hosted by neil cavuto this wednesday starting at 8:00 p.m. eastern time. also happening today in case you missed it, stocks ended higher following a strikingly strong increase in manufacturing last month. the dow rose 78 points. it has been up 161 points, but it gave of that up after a speech this afternoon by the federal reserve chairman. a lot more on the rally on wall street throughout the show including tips on how you can

play it right, plus find out how some of the biggest names on capitol hill are investing. new details on lawmaker disposers. that's right. first, we want to know what you think. here is our question. will the stock market rally continued? log onto gerriwillis.com, vote on the right and said of the screen in those are my results of the and the show. more to come. many americans feel that way. some economists say they're right. [ male announcer ] you are a business pro.

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yes, it is. i've got two tickets to paradise!l set? pack your bags, we'll leave tonight. uhh, it's next month, actually... eddie continues singing: to tickets to... paradiiiiiise! no four. remember? whoooa whooaa whooo! you know ronny, folks who save hundreds of dollars by switching to geico sure are happy. and how happy are they jimmy? happier than eddie money running a travel agency. get happy. get geico. fifteen minutes could save you fifteen percent or more. gerri: breaking news. reports tonight new york attorney general is -- over

widespread fraud. for more, and joined by fox business news robert gray in the newsroom with the latest. >> in this harkens back to bear stearns. the failed in this bank that j.p. morgan rescued in the spring of 2008. bear stearns to sell the mortgage backed securities in question here. again, alleging widespread fraud according to the "wall street journal" reporting on this. they are saying that this is part of a broader net that is being cast by government officials. this is not likely to be the last action that we see. again, going after residential mortgage-backed securities saying that bear stearns, a unit of jp morgan chase misrepresented the quality of the mortgages that were being sold off in that collateralized debt obligation and other mortgage-backed securities backed by mortgages, many of them sub prime. talk about 22 and half billion. what they call an astounding number of those, more than a quarter of the principal balance that were listed by bear stearns

. this is part of a broader net being cast by government officials and jp morgan will fight the charges. gerri: thank you for that report. a barrage of economic reports making consumers nervous. it would like to be. we heading toward an economic slowdown or as the u.s. economy already fallen into another recession. with more on this, american enterprise institute scholar and former u.s. treasury consultants. welcome to the show. great to have you here. ben bernanke speaking today -- >> very good to be here. >> thank you. gerri: the federal reserve chairman speaking today and said we are not in a recession. it is not likely we will be in recession. very optimistic. very upbeat. are you? >> no. i think we are probably losing momentum if we are not in a recession we are close to.

the big problem is at the end of the year if we have not done something about the fiscal cliff we are going to be in recession very definitely. the rest of the world is slowing down as well. so certainly the momentum is not good. whether the growth number for the fourth quarter is a half a percent or three-quarters of% or zero it will feel pretty much the same. we will be close enough to recession to put some real pressure on the lame-duck congress to do something about that fiscal clef. gerri: motors recently in a poll, 60 percent of them said the u.s. is in a recession. at some point it becomes self reinforcing from the people who could take us out of this we don't want to spend because they don't have confidence. >> sure. up until september most households were actually spending a little more than their income. and so there was a little bit of a boost there, i think perhaps from a drop in gasoline prices. that has slipped away, and now we are into the fourth quarter

where, as you say, lots of signs of stopping momentum. this friday will be the employment report. give us a sense of how much people are working and how they're going to feel about getting a job. gerri: on that point, consensus is that we will have an increase of 113,000 jobs for september. unemployment rate the takes of. is that in line with your thinking? >> yeah, it is. is that the last time trying to call the unemployment report. a most inconvenient number. something on the order of 100,000. this standard forecast, it's easy to miss, but 8,000. so just what statistical noise it can look awful. 40,000 were pretty good at 150,000. but i'll go with 90-100000. gerri: you mentioned gdp being revised. also durable goods orders lower. we have seen a lot of different

metrics ticking down here. is there any worry of sunshine? work can begin a list? >> we get a lift if we get the fiscal cliff out of the way. consumers still a little more comfortable with what is going to happen at the end of the year we get a little bit of help from the rest of the world. i don't see that happening. europe still struggling, china slowing down. but it would be nice if we could get some kind of help from the congress. gerri: i read your report on qe3, and this is just the latest effort by the federal reserve to kickstart the economy. you were very critical of it, calling it experimental, risky. what is your problem with foxbusiness.com? what is the issue with additional stimulus at this time? >> well, the fed says weak -- if the unemployment rate or the employment picture does not improve substantially we will keep doing this.

they've been doing for a long time. the unemployment picture has not improved substantially. actually, economic theory suggests that monetary policy cannot have a persistent effect on the rate of unemployment. so they're saying, we will do more with an instrument that is going to do the job. then they say, if the economy does recover we will be slow to remove accommodation. they should be so lucky. i don't think it's going to recover because of qb three. if there are slow to remove accommodation what they're really saying is we will give you more inflation. gerri: and that is something nobody wants to see, that is for darn sure. thank you for coming on. absolute pleasure talking to you. great insights. >> good to be here. thanks very much. gerri: if you are fired up about this or any of the issues, a drop me an e-mail. >> coming up on "the willis report," the supreme court ready to take on big business. it appears obamacare may not be its biggest ruling. wait until you hear the new controversial topic the high court is set to take on.

peter barnes has the latest and speaking of obamacare, it is now putting all hospitals in his bull's-eye for letting patients go way too early. dr. mitchell brooks is here to explain. also, you would get expelled from school if ever caught cheating, but this man made it his career and is here to share secrets in his tell-all book. we will hear from the shadows dollar author later. we are on the case next on "the willis report." ♪ [ male announcer ] how do you turn an entrepreneur's dream... ♪ into a scooter that talks to the cloud? ♪ or turn 30-million artifacts... ♪ into a high-tech masterpiece? ♪ whatever your business challenge, dell has the technology and services to help you solve it.

gerri: you thought the obamacare issue was settled? think again. why the supreme court is taking of the case again. don't go away.

gerri: well, the supreme court back in session for the first five sets up of obamacare as the law of the land. the president's landmark health

care law may still come back to the high court. peter barnes is in d.c. with all the latest. >> reporter: well, the court issued an order today about a case called liberty university versus a geithner, secretary of the treasury. kind of under the radar. and now this case was a direct challenge to obamacare a couple of years ago. liberty university was one of the first organizations to file suit to try to stop it. a court of appeals shot down the case because of the anti in junction act of 1867. remember that? we talked about it at nauseam. the law that was passed after the civil war this said that a taxpayer cannot sue the government over any tax. in june even though the court upheld obamacare on a regular tax law, the high court ruled in part that the anti injunction act did not prohibit lawsuits

against obamacare. did not prohibit them. so guess what. liberty, refiled for a rehearing with the court of appeals. the administration has 30 days under the order issued today to argue why this should not be a rehearing at the court of appeals. remember, if this case is revived at an appeals court it could end up back at the supreme court. gerri: maybe you and i can get together again on the steps of the supreme court. wouldn't that be fun. gerri: talk about the anti injection act again. the me ask you a question. whether or not foreigners can sue companies an american court for crimes committed outside the u.s. >> this is a case about jurisdiction and about how long the long arm of the law really is. it involves another old law called the alien tort active 1789, walk down memory lane. one of the first piece of legislation passed by our congress.

critics said a law was intended to allow ambassadors of foreign countries in the u.s. to sue over acts committed against them in the u.s., not over civil violations committed by other countries on their own soil. in the 1980's some very smart lawyers used this law to sue corporations over a human rights abuses in foreign countries. the case argued today involved nigerians who alleged that royal dutch shell of the netherlands, not even a u.s. company, helped the nigerian regime torture and kill people in nigeria in the 1990's over oil that the royal dutch was looking for. the high court has suggested that using this alien tort act in human rights cases could be okay in limited instances, such as in piracy, you know, for things dating back to the 18th century. today the majority of justices, however, sounded reluctant to turn the u.s. courts and to the human rights policeman of the

world, just as alito asked, what business does a case like that have in the courts of the united states. it looks like that they might allow some limited applications of it, but not allowed this broad interpretation of it. gerri: i think he may have something there. thank you for coming on. appreciate your time. no matter what the court decides to more taxes are on the horizon due to the obamacare law. this time for hospitals. the numbers and what it means for your care next. ♪ look, if you have copd like me,

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♪ gerri: well, i have been hot on this topic of high-frequency trading for quite some time now. critics claim small investors

are at a major disadvantage. in the wake of recent trading errors, the securities and exchange commission is set to hold a roundtable on capitol hill tomorrow to discuss their risks technology poses to the markets to stocks and to investing. hey, you remember the flash crash of may 2010. it said the dow plunging nearly 1,000 points in a matter of minutes. more recently over the summer when trading glitch caused the company called night capitol $440 million. so, what does this mean for you and me and all the other small investors? former sec chairman tried to renounce. thank you for being with us today. i appreciated. are you expecting much from this rental? >> i am expecting there to be a spirited discussion, but in terms of results i think there will be very little that comes out of it at this particular juncture. the goal is really to educate the commissioners and staff and to start focusing on some

sensible ways in which some of these technology glitches can be capped ended. gerri: educate the staff. high-frequency trading has been around for awhile. it seems to me these folks should know everything about it. why don't they? >> i think there is clearly a lag time between when government becomes aware of technological advances and when it starts to understand them fully. i'm not justifying the time frame that has gone on because we have had these problems, as you pointed out, for over two years now. but i think the government is well advised to proceed only when it knows what it is actually doing, rather than just jumping into the freight. gerri: a point. and here's what they will talk about tomorrow, preventing errors in trading car responding to market crises once they have

occurred, so it will take this on with people who are inside the industry and people who are critics of the industry. how should they go about either regulating this or changing it or fixing it because you know as well as i do that investors have lost confidence in this market. only 15 percent of americans say they trust this market, and that think this is one of those issues that goes to the heart of that. >> i think they have to find out what the simplest and most direct way is to get to the heart of these problems. we cannot have these technological glitches as we have seen. it is critical that the government prevent people from unleashing technological programs that have not been fully tested and that are not protective of the public interest. gerri: well, there is something called a kill switch the people have talked about. is that a fantasy? the chicago fed has warned of the need for this. it seems to me like one of those

happy solutions that and reality may cause more problems than it solves. >> i'd worry about anything, the kill switch because i'm worried about what it will actually killed. i think there is something more direct of government which is put an end to so-called spoofing. that is the in putting of orders that are never intended to be executed. that is something that is at the heart of a lot of the problems we're seeing. gerri: you bring up a very good point, this issue of spoofing. sort of fake trades that are never really intended to be pursued. but isn't this the heart and soul of the businesses of our exchanges? isn't that what that nyse is offering great prices for, to spend all of their trades? >> i think it is what the exchanges should be doing, but i think we saw of fast change going back over a decade ago when we allowed the exchange is

to become a for-profit organizations. at that point cutting off trading volume and the like is something that most exchanges are not willing to risk. gerri: what should happen next? you know, step one, two, three. if we are going to think about serious solutions to this. >> i think that the commission needs to get to the heart of what smart firms are doing to prevent their technology from creating an intended consequences. there are a lot of smart people out there who have mastered their own technology. we are seeing the results of those who haven't, and i think that calls for government to understand what the smart people are recommending begun. gerri: well, it gets underway tomorrow, and we will be following. thank you for coming on. appreciate your time. >> my pleasure. gerri: well, a slew of new finds set to hit hospitals across the country. thanks to a key provision in

obamacare. starting today, medicare will fine hospitals for having too many patients readmitted within 30 days of discharge. penalties averaging around $125,000 per hospital, forfeiting nearly $300 million in medicare funds. joining me now with the latest, dr. mitchell brooks, host of health of the nation. i look at this story and that thing, this sounds like a tax to me. >> not only is it a tax, it does not take into account -- it does not seem to take into account the things that should. it is a pretty blanket statement. rea missions are extremely complex, and there is absolutely nothing in these reports that i have read that talks about the patient and of the equation. what are the issues that are happening on the user and? and those have to be discussed among but i suppose that we don't want to discuss those things in an election year. gerri: and also, it begs the

question, are you taking power out of the hands of the doctors and hospitals to back to busty making these decisions about care. >> i don't think so. a lot of things occur in the admission process, and smart hospitals, good hospitals are getting on top of this. for instance, in our community we have hospital in plano, texas. texas health resources. there is a group of really hard-core nurses and anybody who is a physician knows when talking about. you don't mess with these ladies. they have taken the bull by the horns and transformed the entire readmission process and the front loaded all the things that cause readmission, all of the communication issues. they wound up producing farmers the cost by 50%. the national average, they reduce the national average of getting someone into gospel by

50 percent in their own hospital, and now they're tackling other areas. gerri: you are a fan. tell me how much money we can save by doing this. >> well, you know, you talk out $390 million. it is a rounding error. i mean, medicare is $575 billion at the present time. this -- the fine and not high enough. they need to be higher, but the plan, the fines need to be described and detailed because the hospital association's are right. they say, wait a minute. the plan or the fines make no differentiation between admissions that are planned, admissions that occur as a result of recurrence of the disease, complications or unnecessary admissions, and there is nothing about remissions that occur because people lose their medication, people don't take the medication, don't comply with instructions.

anybody who is trained in the teaching hospital knows exactly what i'm talking about because all of those three missions are usually from noncompliance. gerri: thank you for coming on tonight. we appreciate your time. >> you're welcome. thank you. gerri: still to come, how high will we go? a look of the recent market rallies and advice on how to play. next, cheating in school because big business. next, i'll be joined by one to -- a fella who made a ton of dough, reports for students and get paid for it.

♪ gerri: countless cheating scandals rocking the nation's most prestigious schools. our next guest says he has helped thousands of students across the country do just that. joining me now, dave telemark, writer of more than 30500 academic papers and author of the shuttle's dollar. while i made a living helping college kids cheap. and what did you do this? >> well, i did it for financial

reasons. i had wanted to make a living as a writer getting a college. threepeat told this was the only way that i could find to do it. gerri: how much money did you make per paper? >> not a lot. you know, there was enough that i was able to make a living. it was 10-$20 per page which meant that the student was usually paying twice that much to any number of companies for which i was an independent contractor. you know, when i started was making about 25,000 year which is just scraping the poverty line. and then by the time i finished at of 50,000 which is competitive with any number of educators. gerri: how does this work? other companies out there, paper mills that you call and get hooked up? is it all on the download? >> it is all taxed. there are tons of companies out there. it is not particularly secret.

it is a very easy thing to do. all you have to do is google. any number of options will come up, some of them probably more legitimate and qualified services and others. but it is very easy to find, and most of the work is legally excuses three disclaimers would say we are selling study guides. these are not to be handed in. to do so is a violation of whenever plagiarism rules you might have. gerri: wow. i had no idea how it worked. tell me, what did you learn about the education system having gone through this? is kind of dark side doing work for students? what did it tell you about the level of education people and getting. >> there are two things that i learned, one of which was a suspicion i always had. so many students are given the message and accept the message that they're in college to receive a degree, received

grades. any learning that happens is either secondary are merely incidental. the other thing that i learned, that i was not fully aware of until i started to do this job, this is quite an alarming trend. how many of our students are simply going to school without the preparation, since getting to college and they like those critical skills of reading, writing, and research and are just way in over their heads with the academic rigor that is expected in the university. gerri: did you ever feel guilty about doing this. >> no expectation would be doing it for a living. i can tell you, just out of the university was able to rationalize a lot of the questions because i was so angry with my own school experience. i was out here paying loans and i had expected that was going to get a little -- little liberal

arts education, further myself as a writer and will learn a great deal. it would be like dead poets society. and instead it was a lot more like cattle at the marketplace. huge lecture halls and the tests that were graded by machine. i was very angry. when i started doing this job was not my motive. that did allow me to rationalize it. eventually as you grow up you get less angry and you feel less inclined to seek revenge and wherever we may have decided to. then you are just stuck in a dead-end job. like anybody else with that kind of job i wish to be out of it. it was the only way i make a living at that point. gerri: turned at helping students cheat on paper, the only available jobs for which my llege had prepared me. at the end of the day would you tell other kids out there not to go down the liberal arts past? have a more focused education? >> no. i would actually point to a

university and say, you need to make this a more worthwhile experience for students. i just think of my own education as one that was very dedicated toward the receipt of grades and degrees. and i love learning. clearly in order to do what i've done for a living. you have to rebut your brains out. is that an easy job if you don't enjoy learning and the deaths of your own education. so the fact that i had such a terrible time in school, have very little to do with grades. i got fine grades. but i felt, we are not really here to learn. we are here to be graded, and that is what alienated me. i went to schools to find ways to balance. gerri: the fascinating story. very interesting stuff. you open up a window out of whole world that a lot of parents wish they knew about earlier. thank you for coming on. >> thank you so much for having me. gerri: still to come, my "2 cents more" on britney home the

bacon. next among stocks surging again on wall street. will the rally last? we're looking for you and your money coming up next. ♪ [ male announcer ] how do you make 70,000 trades a second.d. ♪ reach one customer at a time? ♪ or help doctors turn bilons of bytes of shared information... ♪ into a fifth anniversary of remission? ♪ whatever your business challenge, dell has the technology and services to help you solve it.

gerri: the market continued its upward moves. finex this will tell you why she's optimistic in what you can do about a coming up in a few minutes.

gerri: well, the stock act, you remember that, the legislation that passed in march. it is being enforced. financial transactions by congressional leaders are now found on line to ensure these officials do not profit from inside information. in the initial disclosures posted today we learned that house speaker bought stock into

health care companies this year. senate majority leader harry reid bought and sold government bonds. and the third ranking house republican flipped apple stock within just a few days. similar postings for the executive branch are scheduled for later this year, and you can bet we will follow the story. in focus tonight, tonight -- today's market rally. it did not sell that way. up just 78 at the end of the day. will the market continue? my next guest says she is optimistic. elite, kramer author of the little book a big profit and small stocks. welcome back to the show. great to see you. i want to get to small investors and what they should do. first one to talk about this market and what's going on. if you look over the long haul hundred has been with the head winds, pretty serious. accelerating earnings coming up. weak economic growth.

while stocks going up? >> the u.s. equity market is still seen as of flight to safety. the european situation is very dire. at some point we're going to see a day of armageddon, but has already been priced. money has moved to the u.s. market. also, china, some much private equity money and investment taking place in china. now it is understood across the board by almost every investor the china has slowed. even 7% projected gdp rate in china. really a slowdown. there just is not the same construction demand which impacts so many different factors. gerri: europe, also q e. three. ben bernanke, the federal reserve chairman trying to kick this economy a little bit. i and as -- i think that is where this optimism comes from. the fed said will be there for you, and are never going away, but is that even realistic?

>> an excellent point because the fed job is to make sure we don't have inflation. and secondarily the employment side. we don't understand is that should be this secondary interest among the most important is that the economy works well. even through all of that it is still an equity market where there are a lot of the opportunities. the biggest issue was individual investors, if investors are looking in the rearview mirror. for example, apple is yesterday's trade. trade is over for right now. it may be over for many years to come. margins contracted. i am a bear on apple. a lot of respect for what has been built. so many investors are missing the point. the insurance companies are rallying. companies like aig that have to have a government bailout, maybe your best bet moving forward.

gerri: you offer great picks and sector analysis to go with. getting people excited enough about the market is so difficult. people pull the mutual funds, and i was looking this afternoon the dow jones industrial average up 24%. you may be too late now. here we are. with our huge rally in the individual investors, probably the only player in the market that did not have the get, confidence to do the right thing gerri: and this is where i know exactly where you're going with this. the individual investor jumps and at that wrong moment. the important point is, take your time as an individual investor. wait for the pullback. understand, we could see a 4- 4-5 percent black. does not mean the mall and the year, the s&p one still rally to

1500. keep the powder dry. find the stock that you want to buy when the market pulls back. all these companies have hit 52 week highs. the time is not right now to jump in. gerri: many wait until after the fiscal cliff. i don't know. thank you for coming out tonight. appreciate your time. we'll be right back. stay with us. [ male announcer ] at scottrade, we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need it. it's anothereason more investors are saying... [ all ] i'm with scottrade. it's anothereason more investors are saying... you see us, at the start of the day. on the company phone list that's a few names longer. you see us bank on busier highways.

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